XPT Long
- Will look to allocate, if price can break and stay above Trendline
- Last time, price failed to break the Trendline
- Volume profile indicates some support at these levels and could see a retracement
- will look to DXY and CNY/CNH at open insight to confirm thesis.
Negatives:
- XPT has broken a major Trendline (white line) that goes back to 2008
- the metals complex has been slaughtered as of late, why couldn't that continue?
- Last time, price failed to break the Trendline
- Volume profile indicates some support at these levels and could see a retracement
- will look to DXY and CNY/CNH at open insight to confirm thesis.
Negatives:
- XPT has broken a major Trendline (white line) that goes back to 2008
- the metals complex has been slaughtered as of late, why couldn't that continue?
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